International cashew nut conference underway in HCM City

21:24 | 27/02/2023 Import-Export Follow english.haiquanonline.com.vn on

International cashew nut conference underway in HCM City hinh anh 1

The Vietnam Cashew Association and the Cashew Nut Association of Cambodia sign a cooperation deal on material supply at the 12th Vinacas Golden Cashew Rendezvous on February 27. (Photo: VNA)

The three-day 12th Vinacas Golden Cashew Rendezvous saw its main event kick off in Ho Chi Minh City on February 27, attracting the participation of 350 delegates from more than 40 countries and territories worldwide.

At the event run by the Vietnam Cashew Association (Vinacas), Vietnamese experts joined international businessmen and producers to analyse the market and suggest measures and initiatives toward the sustainable growth of the cashew sector.

Vu Ba Phu, Director General of the Vietnam Trade Promotion Agency, said the industry is forecast to continue facing various challenges that began back in 2022.

According to Phu, as key markets increasingly prioritise green products and environmental protection, there is a need to focus on building a value chain governance model, improving traceability, and minimising carbon emissions.

International cashew nut conference underway in HCM City hinh anh 2

Vu Ba Phu, Director General of the Vietnam Trade Promotion Agency, addresses the event. (Photo: VNA)

In the next five years, if cashew processes are not converted to green production, it will be difficult for Vietnam to see its local cashew nuts entering the high-end market despite being home to the world's leading output, he stressed.

Chairman of International Nut & Dried Fruit Council (INC) Michael Waring said the impact of the COVID-19 epidemic has severely disrupted the supply chain and consumption of cashew kernels. However, Asia remains a region that consumes a lot of raw cashews for processing and export, he added.

Waring said processors need to have a stable consumer base, so they should work together to promote market expansion.

In 2022, due to COVID-19, Vietnam exported 3.07 billion USD worth of cashew nuts. Given difficulties facing the global and domestic supply chains, Vinacas targeted the figure will reach just 3.1 billion USD this year./.

en.vietnamplus.vn

Tags:

Cashew nut Cashew HCM City

Related News

HCM City set an objective of 100% of e-invoices from cash registers

09:43 | 21/03/2023 Finance

VCN - The People's Committee of Ho Chi Minh City issued a document directing affiliated departments, branches and localities to focus on implementing solutions to ensure 100% of e-invoices initialized from cash registers in 2023 for groups of taxpayers subject to implementation.

Cashew exporting enterprises proposed to reduce procedures in C/O issuance

14:39 | 10/03/2023 Import-Export

VCN – At a conference to remove difficulties for enterprises in import and export activities organized by the Vietnam Chamber of Commerce and Industry (VCCI) last weekend, cashew exporters proposed to reduce procedures in providing C/O.

Auto imports increase HCM City’s revenue

13:50 | 02/03/2023 Customs

VCN – The surge in the quantity of auto imports since the beginning of 2022 has helped HCM City Customs Department’s revenue rise.

HCM City: Nearly 100 customs broker agents violated regulation on reporting

10:58 | 18/02/2023 Customs

VCN – Nearly 100 enterprises operating in HCM City, which are customs broker agents, have violated regulation because they do not report annual operations as prescribed.

Latest News

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

14:01 | 06/04/2023 Import-Export

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.

Mong Cai international border gate sees strong recovery

16:15 | 05/04/2023 Import-Export

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.

Vietnam a potential market for French businesses, investors: experts

16:12 | 05/04/2023 Import-Export

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.

Import and export turnover across Cao Bang prospers but still exists difficulties

10:25 | 05/04/2023 Import-Export

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.

More News

Cashew industry strives to "get on the shelves of world supermarkets"

10:24 | 05/04/2023 Import-Export

VCN - Although holding the number one position in the world in exporting cashew kernels for many years, the position of Vietnam's cashew industry in the world cashew value chain is very small because it mainly exports kernels with preliminary treatment.

HCM City’s industrial production index down 0.9% in Q1

14:47 | 04/04/2023 Import-Export

Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.

Fisheries exports estimated at 1.85 billion USD in Q1

14:45 | 04/04/2023 Import-Export

Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Quang Ninh aims to attract quality FDI inflows

14:43 | 04/04/2023 Import-Export

The northern coastal province of Quang Ninh has strengthened measures to attract quality foreign direct investment (FDI) inflows, especially from big names in the processing-manufacturing industry.

Exports face many difficulties

13:29 | 04/04/2023 Import-Export

VCN - In the first months of 2023, the absence of export orders plus the downward trend in commodity prices have slowed down trade activities.

Manufacturing enterprises increase their competitiveness thanks to digital transformation

13:28 | 04/04/2023 Import-Export

VCN - Overcoming difficulties in 2023 requires manufacturing enterprises to self-improve and innovate. Digital technology is one of the effective solutions to help manufacturing businesses grow and compete.

32nd Việt Nam Expo promises to boost business linkages

14:19 | 03/04/2023 Import-Export

The 32nd Việt Nam International Exhibition (Vietnam Expo) will take place in Hà Nội from April 5-8 with the participation of more than 500 domestic and foreign enterprieses, the event’s organisers have announced.

Prevention of price risks before news that Indonesia increases rice imports in reserve

09:52 | 03/04/2023 Import-Export

VCN - In response to demand signals from key markets such as Indonesia and the Philippines, the Import-Export Department (Ministry of Industry and Trade) suggested that rice exporters actively monitor the market situation and fully assess the opportunities as well as risks to build a trading plan.

Japanese investors highly appreciate Vietnamese property market

17:41 | 02/04/2023 Import-Export

Representatives from around 180 Japanese businesses and investors on April 1 attended a Tokyo workshop on Vietnamese real estate, during which many of them highly appreciated the potential of Vietnam’s property market.

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read